• The prices are in a slightly embarrassing area, it's in the low end of November 30, 2020.
• The area between prices 1783,144 and 1767,547 is a strong demand area.
• Price 1770.180 is a very important price, and it is skipped, and closing below it supports a downside scenario towards 1724.371.
• We see an acceptable probability of a head and shoulders pattern.
• Head and shoulders pattern.
• The price is now falling in the form of three descending waves.
• We will wait for the price to reach 1.2068.
• The mentioned price is the best price to enter a long position.
• 200% Fibonacci ratio (from A to B ) .
• We expect the price to move in the form of ABC in three impulsive waves.
• We recommend paying attention to the...
Well, it is three waves in a row, we must always keep pace with the market!.
I suggest buying from price 0.77635, the formation of three small descending waves will be a nice confirmation of an entry.
We will see what will happen when the target is reached at 0.78078, but the bearish scenario is more convincing.
Well ... it's head and shoulders again.
I think it is heading towards the price 1.250 to complete the pattern and then it will bounce up towards the formation of the fifth impulsive wave, but it may fail by surpassing the price 1.2350, who knows! ??.
We notice the Fibonacci levels how the resistance and support combine at the price 1.250 to 1.24040, which makes...
It has completed five impulsive waves.
While it hits Fibo target at the value of 1.618 in the 0.7805 price area.
Mmm Well, is there a likely drop? .. Yeah!
It touched the previous high, which is a correction of a previous impulsive wave (shown in the picture as a b c ).
We took the FIBO cluster values from the prices: 0.7817 to .7563
And from a high of...